Reuters UK Business

By Thomas Seythal and Christoph Steitz BERLIN/FRANKFURT (Reuters) -Porsche AG on Friday dialled back plans for its electric vehicle rollout due to weaker demand, pressure in key market China and higher U.S. tariffs, causing the luxury sportscar maker and its parent Volkswagen to slash their 2025 profit outlooks. The move highlights the challenges for one …

Porsche EV roll-out delay deals $6 billion hit to parent Volkswagen Read More »

(Reuters) -Apple has told at least two suppliers to boost production of the entry-level model iPhone 17 by at least 30% after strong pre-orders last weekend, the Information reported on Friday, citing people familiar with the matter. The development suggests more consumers than Apple anticipated chose the cheaper $799 iPhone 17 over the premium Pro …

Apple has asked suppliers to boost production of iPhone 17 model, the Information reports Read More »

(This Sept. 17 story has been refiled to add dropped words in paragraph 3) By Echo Wang and Milana Vinn (Reuters) – Strava, the popular fitness tracking platform, is looking to hire investment banks for its U.S. initial public offering, people familiar with the matter said. The San Francisco-based company, valued at $2.2 billion in …

Fitness tracking app Strava looks to hire banks for IPO Read More »

By Jacob Gronholt-Pedersen and Jan Strupczewski COPENHAGEN (Reuters) – European Union finance ministers on Friday agreed on a roadmap for launching a digital euro currency that aims to become an alternative to the now dominant U.S.-based Visa and Mastercard systems. Discussions on a digital euro, essentially an electronic wallet backed by the European Central Bank, …

EU ministers reach ‘compromise’ on digital euro roadmap Read More »

(Reuters) – Britain’s competition watchdog on Friday said it had determined that Spreadex’s acquisition of Sporting Index’s consumer-facing arm created a monopoly in the UK licensed online sports spread betting market and could require the company to sell the unit. An independent Competition and Markets Authority (CMA) panel, which led the review, said the deal …

UK’s CMA says Spreadex-Sporting Index deal creates betting monopoly Read More »

By Johann M Cherian (Reuters) – European shares were little changed on Friday, capping an eventful week on a benign note with sentiment that was largely shaped by crucial central bank decisions, including the U.S. Federal Reserve’s widely expected interest rate cut. The pan-European STOXX 600 closed 0.04% lower at 554.81 points, while it was …

European shares finish week flat after key central bank verdicts Read More »

(Reuters) -London stocks ended an eventful week lower on Friday after a report showed Britain’s borrowing had exceeded official forecasts, dampening consumer sentiment amid fiscal uncertainty. The blue-chip FTSE 100 closed down 0.12%, registering a marginal weekly decline on looming worries around inflation. The mid-cap FTSE 250 fell 0.63% and also recorded a weekly loss. …

London stocks end event-packed week lower amid fiscal worries Read More »

(Reuters) – U.S. chip designer Nvidia has signed a letter of intent for a possible $500 million investment in the next funding round at Britain’s Wayve, the autonomous driving technology group said on Thursday. The development comes after Britain and the United States signed a technology pact aimed at boosting ties in artificial intelligence and …

Nvidia explores $500 million investment in UK self-driving startup Wayve Read More »